Financial Data and Key Metrics Changes - Revenue for 2024 reached $57.8 million, an increase of 2.6% year-over-year [11] - Adjusted EBITDA loss improved by 35% to $65.2 million [12] - Net cash burn declined by a factor of 3.6, excluding the impact of the buyback [12] - Cash, cash equivalents, and marketable securities totaled $845 million at year-end [12] - Preliminary Q1 2025 revenue was $14.4 million, which is 8% higher than Q1 2023 [12] Business Line Data and Key Metrics Changes - The company exited non-core products to focus on high-performance, high-value parts [8] - Operating expenses were reduced by over $20 million annually from the organic Nano business [8][21] - Revenue per employee increased from $147,000 to $223,000, a 52% gain for the core business [21] Market Data and Key Metrics Changes - Despite a Purchasing Managers Index (PMI) below 50, indicating a bearish macro environment, the company posted positive sales growth [13] - The company is well-positioned to assist manufacturers in adapting to global trade policy changes [14] Company Strategy and Development Direction - The company aims to produce high-value, high-performance components with significant growth potential [7] - A disciplined approach to capital allocation and cost management is emphasized, with a focus on profitable growth [16] - The strategic framework includes assessing, transforming, investing, and growing, with a focus on competitive advantage and category leadership [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the need to restore trust with shareholders and emphasizes transparency and clear milestones [46][48] - The company is optimistic about its technologies and future prospects, focusing on deeper penetration into existing customer bases [50] - Management is committed to maintaining financial strength while exploring strategic alternatives for Desktop Metal [24][60] Other Important Information - The company has undergone significant leadership changes and is focused on disciplined execution and long-term value creation [4][10] - The acquisition of Desktop Metal involved a payment of nearly $180 million, and the company is currently evaluating this investment [23] Q&A Session Summary Question: Focus on growth or profitability? - Management emphasizes the need to balance growth and profitability, focusing on technologies that solve problems and have future potential [33][34] Question: Advantages in digital manufacturing? - Management highlights the importance of software as a key differentiator in the digital manufacturing space [36] Question: Synergies with Markforged? - Management is exploring organizational synergies but is not ready to provide financial numbers at this time [39] Question: Share price concerns and investor excitement? - Management acknowledges the need to restore trust and transparency with shareholders to improve share price [44][46] Question: Repeat business from large customers? - Management is focused on deeper penetration into existing customer bases and leveraging relationships from Markforged's installed systems [50] Question: Discontinued businesses and divestment? - Management explored divestment opportunities but found no viable options, leading to the decision to discontinue non-core businesses [51]

2024 Results and 2025 Outlook: A Point of Transformation April 2025 Disclaimer Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano's future growth, strategic plan and value to shareholders, Desktop Metal's strategic review process, and all other statements other than statements of historical fact that address acti ...

Core Insights - Nano Dimension aims to position itself as a leader in digital manufacturing, focusing on advanced industrial solutions amidst global trade and production realignment [6][10][20] - The company has outlined a disciplined strategy emphasizing capital strength and profitable growth following recent acquisitions [1][2][4] Financial Performance - For FY 2024, Nano Dimension reported revenues of $57.8 million, a 3% increase year-over-year, with Q4 2024 revenues at $14.6 million, up 1% year-over-year [16][18] - The gross margin for FY 2024 was 43%, down 194 basis points from the previous year, while the adjusted gross margin was 46%, down 269 basis points [16] - The net loss for FY 2024 was $95.9 million, or $0.44 per share, compared to a loss of $54.6 million, or $0.22 per share, in FY 2023 [24][28] Strategic Initiatives - The company has restructured its product portfolio, focusing on Additively Manufactured Electronics (AME) and surface-mount technology (SMT), while discontinuing non-core products [11][12] - A significant reduction in annualized operating expenses of over $20 million was achieved, with revenue per employee increasing from $147,000 to $223,000, a 52% gain [11][12] - The management team emphasizes clarity and trust with investors, committing to provide timely updates on strategic reviews of acquired companies [14] Operational Focus - Nano Dimension is implementing a playbook that includes assessing product offerings and optimizing the operating model to enhance customer alignment and reduce overhead [7][9] - The company is leveraging partnerships with leading industrial firms to enhance its capabilities in manufacturing complex parts at scale [10] Market Context - The digital manufacturing sector is experiencing a significant transformation driven by trends such as re-shoring, supply chain resilience, and sustainability [6][20] - Nano Dimension's focus on advanced manufacturing technologies positions it to capitalize on these market shifts [20]

Company Overview - Nano Dimension Ltd. is a leader in Digital Manufacturing solutions, focusing on advanced technologies for various industries including defense, aerospace, automotive, electronics, and medical devices [3] - The company is driven by trends in onshoring, national security, and increasing product customization, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable practices [3] Financial Results Announcement - The company will host a conference call and webcast on April 30, 2025, at 4:30 PM EST to discuss its financial results for the year ended December 31, 2024, and provide an outlook for 2025 [1][4] - Participants are advised to log in at least 10 minutes prior to the call, and a replay of the webcast will be available shortly after the conclusion of the call [2]

Core Insights - Nano Dimension has completed the acquisition of Markforged for $116 million, enhancing its capabilities in metal and composite manufacturing solutions and advancing its AI-enhanced manufacturing initiatives [1][2][3] Group 1: Acquisition Details - The acquisition was finalized at a valuation of $116 million, equating to $5.00 per share, after receiving necessary regulatory approvals [1] - Markforged's systems are deployed in over 15,000 installations across various industries, including aerospace, automotive, and medical technology, providing a strong platform for Nano Dimension's expansion [2][4] Group 2: Strategic Vision and Leadership - The CEO of Nano Dimension emphasized the acquisition as a major milestone in building a leading digital manufacturing company, integrating hardware, AI-enhanced software, and materials science [2] - Assaf Zipori, previously CFO of Markforged, has been appointed as the new CFO of Nano Dimension, indicating a strategic focus on leadership continuity [5] Group 3: Financial Performance and Goals - Markforged generated over $85 million in annual revenue in 2024, with non-GAAP gross margins of approximately 50%, highlighting its financial strength [4] - Nano Dimension aims to ensure a robust capital base, drive profitable growth, and achieve economic efficiencies in manufacturing and operations [7] Group 4: Industry Trends and Market Position - The acquisition positions Nano Dimension to leverage strong trends in onshoring, national security, and product customization, particularly in defense and aerospace sectors [8] - The integration of AI enhancements is expected to improve the precision and consistency of manufacturing processes, addressing critical industry needs [3]

Core Viewpoint - Nano Dimension Ltd. is taking steps to address the financial challenges faced by its subsidiary, Desktop Metal, by exploring strategic alternatives to manage its liabilities and liquidity needs [2]. Group 1: Company Actions - Desktop Metal has initiated a process to explore all available strategic alternatives to address its liabilities and liquidity needs [2]. - The company has appointed Robert Warshauer to its Board of Directors and engaged Piper Sandler & Co. and FTI Consulting, Inc. as financial advisers to assist in this process [2]. - Nano Dimension plans to provide further details regarding this situation during its upcoming financial results and outlook call, expected in late April 2025 [3]. Group 2: Industry Context - Nano Dimension operates in the Digital Manufacturing sector, focusing on advanced technologies for industries such as defense, aerospace, automotive, electronics, and medical devices [4]. - The company is driven by trends in onshoring, national security, and increasing product customization, which enable rapid deployment of high-mix, low-volume production with IP security and sustainable practices [4].

Core Viewpoint - The appointment of Mr. Ofir Baharav as CEO of Nano Dimension Ltd. is a strategic move aimed at realizing merger synergies, restoring profitability, and enhancing shareholder value [2][4]. Group 1: Leadership and Strategic Direction - Mr. Baharav has a strong background in transformation and innovation, particularly in capital equipment for the electronics industry and additive manufacturing, making him well-suited to lead the company [3][4]. - The Board of Directors believes Mr. Baharav's leadership will be crucial in navigating the integration process and achieving rapid profitability [4][7]. - Mr. Baharav has initiated significant changes since becoming Chairman, including strategic realignment of R&D and sales to focus on high-value applications [5][10]. Group 2: Financial and Operational Improvements - Immediate measures have been implemented to reduce general and administrative expenses, expected to yield over $20 million in annualized savings by year-end [5][8]. - Successful negotiations with CFIUS have removed restrictions on post-merger cost reductions, facilitating operational efficiencies [6][8]. - The company has streamlined field operations to enhance sales in key markets like the U.S. and China, improving market penetration [8][9]. Group 3: Governance and Accountability - Governance enhancements include proposed amendments to the Articles of Association and the removal of a poison pill to better align with shareholder interests [8][10]. - Comprehensive performance metrics and reporting systems have been established to ensure accountability and data-driven decision-making [8][9]. - The company is focused on creating a sustainable business model built on innovative technologies for digital manufacturing [10][11].

Core Viewpoint - The acquisition of Desktop Metal by Nano Dimension creates a global leader in advanced manufacturing solutions, focusing on high-value applications in electronics, mechanical, and medical sectors, with a transaction value of $179.3 million or $5.295 per share [1][2]. Group 1: Combined Company Overview - The combined company is projected to achieve annual revenue exceeding $200 million for the year ended December 31, 2024, based on preliminary and unaudited results [2]. - The enterprise will offer a complementary portfolio of advanced manufacturing solutions, including capital equipment, materials, and software [2]. Group 2: Customer Base - The expanded customer base will include Fortune 500 companies and industry leaders across various sectors such as aerospace & defense, automotive, consumer electronics, industrial automation, and medical technology [3]. Group 3: Leadership and Strategic Focus - A new board of directors and management team is in place to drive a strategic financial transformation, focusing on establishing a sustainable business model [4]. - The management team is committed to generating substantial shareholder returns and attracting top industry talent [5]. Group 4: Operational Improvements - Since the new leadership took over in December 2024, a strategic review has been conducted, leading to notable improvements in the operating model to reduce core business expenses [6]. - The leadership's transformation plan emphasizes maintaining financial strength, driving profitable growth, growing margins, and building indispensable customer partnerships [9]. Group 5: Future Outlook - The company plans to provide additional details regarding integration plans and financial outlook following a comprehensive strategic review [8]. - There is an ongoing focus on identifying immediate cost synergies and realigning resources towards high-potential product lines [7].

Core Viewpoint - Nano Dimension Ltd. is obligated to complete the acquisition of Desktop Metal, Inc. following a ruling by the Delaware Court of Chancery, which supports the July 2, 2024 Merger Agreement [1] Strategic Focus and Integration Planning - Since the reorganization of the Board on December 15, 2024, the company has been preparing for the integration of Desktop Metal despite ongoing litigation, aiming to maximize the potential of the combined entity [2] - The strategic objective is to become a leading provider of digital manufacturing solutions across various high-growth sectors, including aerospace & defense, automotive, electronics, industrial, and medical [3] Strategic Pillars for Future Growth and Value Creation - The company is focused on maintaining financial strength, driving profitable growth, growing margins, and building indispensable customer partnerships to create long-term value [4][7] - The Chairman expressed disappointment with the court's decision but acknowledged the potential for the transaction to close, emphasizing the importance of a successful integration of Desktop Metal [4] About Nano Dimension - The company is positioned to benefit from trends in onshoring, national security, and product customization, delivering advanced digital manufacturing technologies to various industries [5]

The Delaware Court of Chancery just told Nano Dimension: no take-backs.Only nine months ago, Nano Dimension (NNDM -18.03%) stock was riding high. The 3D printing company had just released preliminary second-quarter results showing an 11% sequential increase in sales, and announced plans to buy rival Desktop Metal (DM 89.43%) for $183 million -- $5.50 per share. Nano Dimension, however, soon developed cold feet on the deal, and tried to back out.By December, the matter was already before the courts, with Des ...